Outward Foreign Direct Investment and Economic Growth: Evidence from Japan and Singapore
AbstractThis article aims at analyzing the role of foreign direct investment (FDI) outflows in economic performance and the impact of economic growth on outward FDI with the data of two high income Asian countries: Japan and Singapore. The results show that there is a short-run bidirectional causality between outward FDI and GDP per capita for Singapore, but a long-run bidirectional causality for Japan. In the short-run, per capita income of Japan Granger causes its outward FDI.
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Bibliographic InfoPaper provided by Nottingham University Business School Malaysia Campus in its series NUBS Malaysia Campus Research Paper Series with number 2009-02.
Date of creation: Apr 2009
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Find related papers by JEL classification:
- F20 - International Economics - - International Factor Movements and International Business - - - General
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-02 (All new papers)
- NEP-FDG-2009-05-02 (Financial Development & Growth)
- NEP-SEA-2009-05-02 (South East Asia)
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- Kueh, Jerome Swee-Hui & Puah, Chin Hong & Liew, Venus Khim-Sen, 2010. "Macroeconomic Determinants of Direct Investment Abroad of Singapore," MPRA Paper 47243, University Library of Munich, Germany, revised 2013.
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